The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
US CPI m/m
|CPI is an indicator of consumer inflation. If it exceeds the forecast, the USD will rise. The Federal Reserve is anticipated to raise the interest rate at least 3 times this year. The higher the CPI is, the greater the chance of 4 rate hikes will be. Check the economic calendar at 15:30 MT time on April 11 to find out if the CPI encourages Fed’s rate hikes and the stronger US dollar.|
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
The overall market sentiment is mixed as investors await the Federal Reserve’s statement today at the evening.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.